I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.
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There's all these formulas for calculating expenses and backing in to cashflow, right? How do you guys manage this operationally? In reality, rent will hit your bank account, but it doesn't separate itself into specif...
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Hello my name is Alex and I am a 20 year old who lives and studies in Grand Rapids as a full time student. I have found wholesaling to be right up my alley. I am not worried about finding the right deals, but being ab...
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IntroductionA couple of months ago, my brother-in-law (Steven) and I were both freelancers facing a cost-of-living crisis. Rent in our area is extremely high, and the dedicated desks at our co-working space cost us $3...
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Looking for insight on the detailed process of braving the idea of cashing out my retirement plan to purchase apartment building. I would appreciate some specifics on a reputable intermediary to utilize to make every...
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Is anyone doing STRs exclusively for 28+ days?I have an STR in Mesa, AZ, and got a longer-term tenant from January through February who is paying me close to $6k per month. This is about $1,500 more than I get with th...
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so im finding out real quickly that real estate is going to be a tuff nut to crack. As i think i found my way into the real estate field, i find out it may be illegal (bird dogging) all the research that i have done i...
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Hello everyone!Im posting this unique deal. It is unique in the sense that it is a very specific niche market. Catering to commuting airline crews, opening a crash pad here in Milwaukee, WI is sure to attract pilots a...
I live in a major vacation destination town. I believe RE prices are still pretty low and will grow a lot. I'm 53, with few assets, no debt, and want to get into the market now.I can't afford to buy a home AND a r...
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I live in Oregon and have a long term rental in Central Texas that I'm considering flipping over to Airbnb to generate some more income, and so that when I'm in Texas I can stay there, saving me money. It's a nice hom...